The Bank of Thailand has postponed the issuance of virtual bank regulations until the third quarter of this year because it needs more time to clarify the new business licensing with related parties. Central bank governor Sethaput Suthiwartnarueput said the regulator has received numerous inquiries about the new virtual bank licences from interested business operators. The […]
Read MoreAmid the ongoing recovery pace, the economy no longer requires any stimulus measures, but the country requires normalisation and the implementation of economic measures to support economic stability and potential growth for the longer term, says the governor of the Bank of Thailand. According to Sethaput Suthiwartnarueput, governor of the central bank, Thailand’s economy has been […]
Read MoreThe China Printed Circuit Association (CPCA) aims to make Thailand its new electronic equipment manufacturing base in a move to avoid the impact of the China-US trade war and geopolitical conflicts, says the Board of Investment (BoI). “China is seeking new investment and production destinations, following worries over the trade war and increasing tension between China […]
Read MoreThailand’s economy is still seen growing at 3.6% this year, the central bank chief said on Monday, in spite of some turbulence in the first half of the year. Bank of Thailand Governor Sethaput Suthiwartnarueput told reporters exports are seen down 7.1% year-on-year in the first half of 2023, before rising 4.2% in the second […]
Read MoreThe metropolitan and provincial waterworks authorities are both preparing to raise the price of tap water, citing higher capital costs. Metropolitan Waterworks Authority governor Manit Pan-em said on Monday the MWA was struggling to meet rising operating costs. He cited: • 150 million baht per year in land and house taxes, after not having to […]
Read MoreWhile the recent banking debacle in the US and Europe sparked fears about a contagion spreading worldwide, the head of Thailand’s Deposit Protection Agency (DPA) said since the agency’s establishment in 2008, Thailand has never been close to requiring action to protect deposits. DPA president Songpol Chevapanyaroj said the agency and the Bank of Thailand cooperate […]
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